Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.08% | +1.21 | 0.87% |
| Return on Equity (%) | ▲ | 22.33% | +12.03 | 10.30% |
| Net Interest Margin (%) | ▲ | 3.76% | +0.52 | 3.24% |
| Efficiency Ratio (%) | ▲ | 69.41% | -11.46 | 80.87% |
| Pre-Provision Profit ($M) | ▼ | $3 | -0.56 | $3 |
| Cost of Funds (%) | ▲ | 1.68% | -0.17 | 1.85% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $875 | +175.59 | $700 |
| Gross Loans ($M) | ▲ | $535 | +141.54 | $394 |
| Loan Growth YoY (%) | ▲ | 74.59% | +1.05 | 73.55% |
| Total Deposits ($M) | ▲ | $703 | +175.51 | $528 |
| Shareholders Equity ($M) | ▲ | $105 | +25.70 | $79 |
| Tang. Book Value ($M) | ▲ | $103 | +23.76 | $79 |
| TBV excl. AOCI ($M)** | ▲ | $110 | +25.27 | $85 |
| Loan / Deposit Ratio (%) | ▲ | 74.59% | +1.05 | 73.55% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.59% | +0.27 | 0.32% |
| Allowance / Loans (%) | — | 1.99% | 0.58% | 1.41% |
| Net Charge-Off Ratio (%) | ▼ | 0.71% | +0.15 | 0.56% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($11.19M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▄▄▁▂▁▁██ | Net Interest Margin (%) | 3.43% | 3.42% | 3.15% | 3.24% | 3.18% | 3.18% | 3.77% | 3.76% |
| ▁▁▁▁▁▁█▄ | Return on Assets (%) | 0.95% | 0.94% | 0.72% | 0.87% | 0.88% | 0.85% | 3.67% | 2.08% |
| ██████▁▄ | Efficiency Ratio (%) | 80.7% | 80.7% | 82.8% | 80.9% | 81.3% | 81.2% | 58.2% | 69.4% |
| ▇█▃▄▃▄▁▁ | Cost of Funds (%) | 1.97% | 2.07% | 1.80% | 1.85% | 1.81% | 1.82% | 1.66% | 1.68% |
| ▁▄▃▃▁▁█▆ | NPA / Assets (%) | 0.16% | 0.41% | 0.33% | 0.32% | 0.22% | 0.15% | 0.79% | 0.59% |
| ▁▅▄▄▂▁█▅ | Net Charge-Off Ratio (%) | 0.28% | 0.68% | 0.61% | 0.56% | 0.39% | 0.24% | 1.02% | 0.71% |
| ▁▁▂▂▃▄██ | Tang. Book Value ($M) | $72 | $73 | $76 | $79 | $82 | $85 | $101 | $103 |
| ▁▁▁▂▂▃██ | Gross Loans ($M) | $392 | $383 | $371 | $394 | $395 | $421 | $550 | $535 |
| ▁▁▂▂▂▂██ | Total Deposits ($M) | $516 | $492 | $523 | $528 | $530 | $533 | $684 | $703 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 48% |
| C&I / Commercial | 34% |
| Consumer | 9% |
| Other | 9% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 47% |
| Brokered / Other | 25% |